Wednesday January 16 Housing and Economic stories

Top Stories:

BofA to cut 650 jobs, sell brokerage - (www.bizjournals.com)
ECB warns crashing dollar may stop Fed cuts - (www.telegraph.co.uk)
German Investor Confidence Dropped to 15-Year Low - (www.bloomberg.com)
RICS says that house price falls are worst since slump of early Nineties - (business.timesonline.co.uk)
IndyMac laying off 2,403 employees – (news.yahoo.com)
Very bad idea - Just Put It on My 401(k) Debit Card (more financial innovation) – (www.thestreet.com)
Adjustable loans spur new worries - (www.latimes.com)
Much more bad debt yet to surface - (www.telegraph.co.uk)
Anna Schwartz blames Fed for sub-prime crisis - (www.telegraph.co.uk)
Mayors face test of spreading foreclosures - (www.reuters.com)
Flipper Stuck (sad story) - (patrick.net)


Other Stories:

FBI: Housing scams more than double - (www.usatoday.com)
Can Accounting Principles Survive the Mortgage Crisis? - (www.cfo.com)
U.S. Stocks Decline on Citigroup's Loss, Drop in Retail Sales - (www.bloomberg.com)
Ten-Year Treasury Yields Fall to Lowest Since 2004 on Retail - (www.bloomberg.com)
Southern California home sales dive as buyers exit - (www.reuters.com)
McKinsey warns US may lose financial leadership - (www.ft.com)
Home sales in O.C. plummet 42%; median price falls 10.3% - (www.latimes.com)
Inland home prices back to '05 level, says DataQuick - (www.pe.com)
How a credit crunch may hurt the world economy - (www.csmonitor.com)
Economists see down year for housing - (www.desmoinesregister.com)
U.S. lenders confronting a new era in soured mortgages - (www.iht.com)
Ordinary Solutions Won't Work - (www.opednews.com)Housing Market Tracker - (www.seekingalpha.com)
Citigroup Loss Raises Anxiety Over Economy - (www.nytimes.com)
Greenspan joins subprime-savvy hedge fund - (money.cnn.com)
SIV Asset Values Decline to 53 Percent of Capital, Moody's Says - (www.bloomberg.com)
County housing prices down 13.1% from year ago - (www.signonsandiego.com)
California's $49 Billion of Debt May Be Cut by Fitch - (www.bloomberg.com)
Lenders tighten rules for mortgage customers - (www.ft.com)
Should Money-Troubled Americans Just Walk Away From Their Houses? - (dadtalk.typepad.com)
Passing The Devalued Buck - (www.newsweek.com)
SF East Bay House Data from 2007 - (eastbayhousingbubble.blogspot.com)
Is U.S. heading for Japan-like troubles? - (www.app.com)
Citigroup Posts Record Loss on $18 Billion Writedown - (www.bloomberg.com)
Merrill Lynch to Get $6.6 Billion - (www.ap.com)
Centro warns of more liabilities - (www.ft.com)
Intel Faces Demand Doubt - (www.thestreet.com)
State Street Misses - (www.thestreet.com)
Fair Isaac Hit by Mortgage Crisis - (www.thestreet.com)
House prices drop 'at fastest rate in 15 years' - (www.telegraph.co.uk)
CIBC braces for new hit - (www.globeinvestor.com)
Greenspan's reputation is at risk as housing crisis unfolds - (www.mcall.com)
A subprime wake-up call to curb sprawl - (www.orlandosentinel.com)
Tyler Cowen, Apologist for Fraud? - (www.seekingalpha.com)